Buying vs. Leasing a Car

Buying a Car

Explain the basics of buying a car.

How is it different buying a new car from a used car?

What are some of the loan options? (how many years are the loans, how much down payment, etc.)

At what point to banks stop lending money for cars - how old do cars have to be before banks stop loaning money for them.

What kind of insurance do you have to get on a car that is technically owned by the bank?

What kind of taxes do you have to pay when buying a car?

What is the difference between buying and leasing a car?

What are the advantages and disadvantages to buying vs. leasing?

Also, what about buying a car that just came off of a lease - it has a warranty from the dealer.

Why does the author of "Rich Dad, Poor Dad" feel that a car is a liability instead of an asset?